Brexit: Spain proposes 'shared sovereignty' over Gibraltar

Spain on Friday proposed sharing sovereignty over Gibraltar after Britain voted to leave the European Union, saying it would allow the overseas territory to maintain access to the EU’s single market. “Our formula… is British-Spanish co-sovereignty for a determined period of time, which after that time has elapsed, will head towards the restitution of Gibraltar to Spanish sovereignty,” Spanish Foreign Minister Jose Manuel Garcia-Margallo told Spanish radio. The tiny rocky outcrop nestled on Spain’s southern tip has long been a source of friction between London and Madrid, which wants it back under its control centuries after it was ceded to Britain in 1713.